The 15 Most Expensive Places To Buy Gas In The World

Gas Station

Photo: AP

Americans are fretting over the rising cost of gasoline, and are now paying above $4 a gallon for gas in some spots in the country.But that $4 a gallon number is nothing compared to some corners of the earth, where high taxes drive gas prices higher.

Deutsche Gesellschaft für Internationale Zusammenarbeit (GTZ), a German research firm, reviewed prices in November of 2010, and found some countries with gas costing more than $9 a gallon. And that’s BEFORE the surge in oil prices spurred on by instability in the Middle East,

This data also provides a little clarity as to why European countries are so inhibited by the rising price of Brent, as their economies already are burdened by high gas prices due to taxes, according to GTZ.

#13 (tie) Belgium

Price per gallon for gas: $7.08

Why: Belgium has a large VAT on gas, as well as higher prices than some other eurozone members.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#13 (tie) Italy

Price per gallon for gas: $7.08

Why: Italy has a high underlying gas price, a large excise tax, and a mid-sized VAT.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#13 (tie) Sweden

Price per gallon for gas: $7.08

Why: Sweden has a gas VAT of over €0.25 per liter.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#12 Germany

Price per gallon for gas: $7.19

Why: Germany has a outsized excise tax on gas.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#9 (tie) Hong Kong

Price per gallon for gas: $7.27

Why: Hong Kong applies a $0.78 tax per liter on gas.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#9 (tie) Monaco

Price per gallon for gas: $7.27

Why: Monaco's price reflect similar high costs in France.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#9 (tie) United Kingdom

Price per gallon for gas: $7.27

Why: The UK has the largest excise tax on fuel in the European Union.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#8 Finland

Price per gallon for gas: $7.34

Why: Finland has a large excise tax on its gas.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#7 France

Price per gallon for gas: $7.49

Why: France has a significant VAT, and a sizable excise duty.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#6 Denmark

Price per gallon for gas: $7.57

Why: Denmark has an underlying high price of gas, as well as a large amount of taxes.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#5 Greece

Price per gallon for gas: $7.76

Why: Greece has recently increased its fuel taxes to combat its high deficit.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#4 Norway

Price per gallon for gas: $8.02

Why: In 2007, fuel taxes contributed 63% to the Norwegian oil price.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#3 Netherlands

Price per gallon for gas: $8.06

Why: In 2007, the gas tax was $3.50 per gallon.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#2 Turkey

Price per gallon for gas: $9.54

Why: Taxes on fuel increased 17% from 2009 to 2010 in Turkey.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

#1 Eritrea

Price per gallon for gas: $9.61

Why: The country has fuel restrictions and frequent shortages.

Source: Deutsche Gesellschaft für Internationale Zusammenarbeit

And what else do many of these countries have to worry about?

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